The Workday Financials implementation includes the following modules:
Module | Function |
---|---|
Financial Accounting | - Core module that provides the foundation for all transactions |
Budgets | - Houses budget data |
Business Assets | - Accounts for all physical university assets and records GAAP depreciation |
Banking and Settlement | - Interfaces with banks to record receipts and payments |
Procurement | - Provides purchasing requisitions and workflows |
Supplier Accounts | - Handles all supplier payments (Accounts Payable) |
Expenses | - Replaces Concur to provide a more integrated expense reimbursement experience |
Customer Accounts and Contracts | - Provides a central invoicing system to enable timely revenue recognition of non-student billings |